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ST NEOTS MIXED USE INVESTMENT SELLS THANKS TO AGENT’S LOCAL MARKET KNOWLEDGE

A mixed use investment comprising three retail units and three residential flats in Eynesbury, St Neots has been sold to a local investor, announces St Neots surveying and planning firm Barford + Co.

The retail element is let to gentlemen’s barbers Upper Cuts, a fish & chip shop trading as Fish Face, and McColl’s, the national convenience store. All three flats above are also let. The property produces a total rental income of £53,340 per annum.

Howard Westgate, Associate Director at Barford + Co, handled the marketing and negotiations on behalf of the vendor. He said: “This property had been on the market for some time with a London based agent when we were approached by the owner and subsequently appointed as the joint agent. With our in depth understanding of rent levels in the locality, we were immediately able to identify an opportunity for any owner of the property to actively manage the existing leases and create a better return which would enhance the investment value.’’

“Using this as a marketing tool and knowing who in the local market this would appeal to, we were successful in generating numerous offers with the ultimate buyer being a local investor well known to Barford + Co, demonstrating the importance of local market knowledge and understanding with transactions of this nature.”

For more information on other investment opportunities in Cambridgeshire and Bedfordshire please contact Howard Westgate on 01480 479079.

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